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Agritek Holdings (Agritek Holdings) Effective Interest Rate on Debt % : 121.51% (As of Dec. 2019)


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What is Agritek Holdings Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Agritek Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2019 was $2.24 Mil. Agritek Holdings's average total debt for the quarter that ended in Dec. 2019 was $1.84 Mil. Therefore, Agritek Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2019 was 121.51%.


Agritek Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Agritek Holdings's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Agritek Holdings Effective Interest Rate on Debt % Chart

Agritek Holdings Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.90 10.65 338.70 426.96 204.56

Agritek Holdings Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 526.48 14.50 122.09 433.23 121.51

Competitive Comparison of Agritek Holdings's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, Agritek Holdings's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Agritek Holdings's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Agritek Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Agritek Holdings's Effective Interest Rate on Debt % falls into.



Agritek Holdings Effective Interest Rate on Debt % Calculation

Agritek Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2018 )+Total Debt  (A: Dec. 2019 ))/ count )
=-1  *  -2.824/( (0.739+2.022)/ 2 )
=-1  *  -2.824/1.3805
=204.56 %

where

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.077 + 1.945
=2.022

Agritek Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2019 )+Total Debt  (Q: Dec. 2019 ))/ count )
=-1  *  -2.24/( (1.665+2.022)/ 2 )
=-1  *  -2.24/1.8435
=121.51 %

where

Total Debt  (Q: Sep. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.183 + 1.482
=1.665

Total Debt  (Q: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.077 + 1.945
=2.022

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Agritek Holdings  (OTCPK:AGTK) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Agritek Holdings Effective Interest Rate on Debt % Related Terms

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Agritek Holdings (Agritek Holdings) Business Description

Industry
Traded in Other Exchanges
N/A
Address
777 Brickell Avenue, Suite 500, Miami, FL, USA, 33131
Agritek Holdings Inc is a U.S based fully integrated, active investor and operator in the legal cannabis sector. The company acquires and leases real estate, then leases or sub-leases the real estate to licensed marijuana operators. It is focused on three high-value segments of the cannabis market, including real estate investment, intellectual property brands; and infrastructure, with operations in three states: Colorado, Washington State, and California as well as Canada and Puerto Rico. The firm invests its capital through real estate holdings, licensing agreements, royalties, and equity in acquisition operations.
Executives
Barry Michael Friedman director, 10 percent owner, officer: CEO, Secretary 319 CLEMATIS STREET, SUITE 1008, WEST PALM BEACH FL 33401
Barry S Hollander director, officer: CFO 319 CLEMATIS ST, SUITE 812, WEST PALM BEACH FL 33401
Vasan Thatham other: Former Officer C/O FRONTLINE COMMUNICATIONS CORP, 1 BLUE HILL PLAZA, PO BOX 1548, PEARLE RIVER NY 10965
Cole Hatchard Stephen J director, officer: CEO C/O FRONTLINE COMMUNICATIONS CORP, ONE BLUE HILL PLAZA, PO BOX 1548, PEARLE RIVER NY 10965
Miguel Madero director

Agritek Holdings (Agritek Holdings) Headlines

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